Peak

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Peak

The high point at the end of an economic expansion until the start of a contraction.

Peak

1. The point of a security's or market's highest price for a given period of time. The term comes from charting, in which the x-axis represents time and the y-axis represents price. On a chart, the high point of a business cycle looks like the peak of a mountain. See also: Bottom.

2. In a period of economic expansion, the point of the highest GDP growth that immediately precedes the beginning of a contraction. In other words, it is the highest point in a business cycle. The term comes from charting, in which the x-axis represents time and the y-axis represents GDP growth. In this situation, the high point of a business cycle looks like the peak of a mountain. See also: Trough.

peak

see BUSINESS CYCLE.
References in classic literature ?
Her body became a drift of melting snow, above which her knees rose in huge peaked mountains of bare bone.
Men with the blue jersey and peaked cap of the boatman, or the white ducks of the dockers, began to replace the cardurys and fustian of the laborers.
Like silver, he thought to himself, like tinkling silver bells; and on the instant, and for an instant, he was transported to a far land, where under pink cherry blossoms, he smoked a cigarette and listened to the bells of the peaked pagoda calling straw-sandalled devotees to worship.
But he had anticipated Charley's move, and his own sail peaked higher than ever, while a whole extra cloth had been added to the after leech.
He was dressed in a perfectly-made travelling suit of light brown, with a peaked felt hat of a darker shade of the same color, which, in a picturesque sense, greatly improved his personal appearance.